Articles about west virginia

The rise in number of foreclosures has left many people homeless in West Virginia. The numbers have increased between January 2005 and January 2007. The study was released on Monday according to a Washington D.C based group.
According to the new report from the National Alliance to prevent foreclosures, people have become homeless in the Mountain [...]

Foreclosure notices being sent out at a rapid pace, in many places, has exceeded the number of homes sold in the particular month. The rate of foreclosures in Nevada is the worst hit with the highest across the nation. With the housing markets being hit continuously with falling prices and distress sales, worried government officials [...]

Area loan officers of Southern West Virginia and Southwest Virginia declared that as the banking there was more conservative and stuck to more traditional practices, the region was able to avoid the mounting rate of foreclosures that was breaking out all over the nation.
An increase in the adjustable interest rates on subprime mortgages in [...]

Sticking with more traditional banking practices while institutions in other parts of the nation tried riskier loans has helped southern West Virginia and Southwest Virginia avoid the rash of mortgage foreclosures dampening America’s economy, area loan officers said.
In 2007, investors who financed new homes by getting subprime mortgages with adjustable interest rates began to have [...]